First four months of 2018

Pledges of foreign direct investment (FDI) in Vietnam reached US$14.59 billion in the first four months of 2019, the highest figure in the past four years. Hanoi has become the largest recipient of FDI - Illustrative image That’s up 81% compared with the same period of 2018, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. Disbursement during the period only increased by 7.5% to reach US$5.7%. As of April 20, investment licenses have been granted to 1,082 new projects worth a total of US$5.34 billion, up 50.4% over the same period of last year, while capital contributions and share purchases were estimated at US$5.68 billion. An additional US$2.11 billion were poured into 395 existing projects, with pledges down 6% in comparison to the same period of 2018, stated the FIA. The four months of 2019 saw the foreign-invested sector, including oil firms, record a trade surplus of US$11.17 billion. Without oil revenues, the … [Read more...] about FDI pledges to Vietnam hit US$14.59 billion in first four months

Offering hundreds million of dollar in newly-registered projects, China overcame South Korea and Japan to become the largest foreign investor in Vietnam in the first four months of the year in terms of newly-registered capital with $1.3 billion. Vietnam achieved an impressive hike in registered FDI in first four months Several large projects received funding by Chinese investors in the period, including a tire manufacturing project with the total registered capital of $280 million in the southern province of Tay Ninh and another tire project by Advance Tire (Vietnam) Co., Ltd. with registered capital of $214.4 million in the southern province of Tien Giang. According to the statistics published by the Foreign Investment Agency, while China registered the most new capital, it ranked fourth in total investment capital in Vietnam in the first four months, with $1.69 billion, following Hong Kong, South Korea, and Singapore. The total registered capital from China in the … [Read more...] about China reported largest newly registered capital in Vietnam in first four months

Vietnamese wooden furniture showcased in an exhibition (Photo: VNA) Hanoi (VNA) – An upturn has been seen in exports of wood and wooden products, with export value in the first five months of 2018 reaching 3.3 billion USD, up 8.2 percent from the same period last year. The top four markets were the US, China, Japan and the Republic of Korea (RoK), together accounting for 78.1 percent of total export revenue. Strong growth was seen in the RoK and the US markets, with 45.3 percent and 9.7 percent respectively. In the first four months of 2018, Vietnam earned 1.1 billion USD from exporting wood and wooden products to the US, 367.3 million USD from China, 350.7 million USD from Japan and 288.8 million USD from the RoK. However, Nguyen Quoc Khanh, President of the Handicraft and Wood Industry Association of Ho Chi Minh City, warned that the US, the largest market for Vietnamese wood and wooden products, has prioritised the domestic wood sector by reducing corporate income tax from … [Read more...] about Wood exports continue expanding in first months of 2018

Personal remittances from Overseas Filipino Workers (OFWs) in the first four months of the year totalled 10.4 billion USD, a rise of 4 percent year-on-year, said the Central Bank of the Philippines on June 19 (Source: www.rappler.com) Hanoi (VNA) - Personal remittances from Overseas Filipino Workers (OFWs) for the first four months of the year totalled 10.4 billion USD, a rise of 4 percent year-on-year, said the Central Bank of the Philippines on June 19. The bank governor Nestor Espenilla said the continued growth in personal remittances during the first four months of 2018 was driven by steady remittance inflows from land-based OFWs with work contracts of one year or more, which aggregated to 8.1 billion USD. Meanwhile, compensation of sea-based workers and land-based workers with short-term contracts reached 2.1 billion USD. He added that personal remittances from OFWs increased by 12.9 percent against the same period last year to reach 2.6 billion USD in … [Read more...] about Philippine remittances reach over 10 bln USD in first four months

(VEN) - Vietnam attracted foreign direct investment (FDI) of US$8.06 billion in the first four months of 2018, 76.1 percent of the total accrued in the same period in 2017. According to the Foreign Investment Agency under the Ministry of Planning and Investment, despite the drop in registered FDI capital, disbursement continued a positive trend in the first four months of 2018. Ho Chi Minh City is the top recipient of registered FDI capital Foreign investors directed their capital to 17 sectors during the first four months. The manufacturing and processing sector attracted the most FDI, with US$4.52 billion, accounting for 56.1 percent of the total. The real estate sector was second, with investment capital of US$807.5 million, accounting for 10 percent of the total; and the wholesale and retail sectors, with registered capital of US$779 million, accounted for 9.7 percent of the total. Some 82 countries and territories invested in projects in Vietnam in the first … [Read more...] about FDI capital declines in first four months

16:21 | 03/05/2018 VGP - Total import-export revenue in the first four months of 2018 is estimated at US$144.13 billion, up 14.4% year on year, according to the General Department of Viet Nam Customs. Of the figure, Viet Nam’s export value is likely to reach US$73.76 billion, a rise of 19% over the same period last year, while import value is calculated at US$70.37 billion, an increase of 10.1%. By Thuy Dung … [Read more...] about Charts: exports-imports figures in first four months of 2018 released

The number of foreign visitors arriving in Vietnam in April was estimated at 1.3 million, raising the total figure for the first four months of 2018 to 5.5 million, up 29.5pc over the same period last year. The number of foreign tourists in the first four months of 2018 rose 29.5pc over the same period last year Foreign tourists visiting Vietnam in April rose 25.2pc, attracted by a wide range of events such as the Festival of Vietnamese Ethnic Groups in Hanoi, and the Asian Food and Culture Festival in Hanoi and Quang Ninh province. Of the total visitors in the first four months, 4.1 million came from Asia, with Chinese tourists topping the list at 1.7 million, followed by 1.1 million from the Republic of Korea. Visitors from Europe were estimated at more than 843,000, of which Russian tourists accounted for the largest share at an estimated 262,000. The numbers of tourists coming from the Americas and Oceania were 357,000 and 163,000 respectively. During the period, nearly … [Read more...] about Vietnam welcomes over 5.5 million foreign tourists in first four months

08:15 | 01/05/2018 VGP – The number of foreign arrivals to Viet Nam rose 29.5% to 5.547 million in the first four months of 2018, according to the General Statistics Office. Of the total figure, 4.434 million travelled by air, representing a year-on-year increase of 26.3%. Asia was the key source market of Viet Nam with 4.169 million, up 36% against the same period last year. China topped the list with more than 1.7 million followed by the Republic of Korea with 1.1 million, and Japan with 279.800. The number of tourists from the Europe was estimated at 843,000. While visitors from Africa grew 22.5% to 14.800. General Statistics Office estimated that 12.9 million international visitors arrived in Viet Nam during 2017, up 29.1% against 2016./. By Hai Minh … [Read more...] about VN welcomes over 5.5 million foreign arrivals in first 4 months

Vietnam's total import-export revenue in the first four months of 2018 is estimated at $144.13 billion, up 14.4 per cent year on year, according to the General Department of Vietnam Customs. Illustrative image. Source: VNA Of the figure, Vietnam’s export value is likely to reach $73.76 billion, a rise of 19 per cent over the same period last year, while import value is calculated at $70.37 billion, an increase of 10.1 per cent. The highest growth was seen in the export earnings of telephone and spare parts at 36.8 per cent to hit $13.42 billion, followed by garment products at 15.7 per cent, computers, aquaculture products at 13 per cent and electronic products and parts 10.83 per cent. Meanwhile, the value of imported computer, electronic products and parts rose 22.3 per cent to $13.42 billion, while that of machineries, equipment and spare parts dropped 7.4 per cent to $10.16 billion. Imports of telephone and spare parts increased 9.8 per cent to $4.42 billion, and … [Read more...] about Vietnam’s import export revenue rises 14.4 per cent in four months

Total import-export revenue in the first four months of 2018 is estimated at 144.13 billion USD, up 14.4 percent year on year, according to the General Department of Vietnam Customs. Illustrative image (Source: VNA) Of the figure, Vietnam’s export value is likely to reach 73.76 billion USD, a rise of 19 percent over the same period last year, while import value is calculated at 70.37 billion USD, an increase of 10.1 percent. The highest growth was seen in the export earnings of telephone and spare parts at 36.8 percent to hit 13.42 billion USD, followed by garment products at 15.7 percent, computers, aquaculture products at 13 percent and electronic products and parts 10.83 percent. Meanwhile, the value of imported computer, electronic products and parts rose 22.3 percent to 13.42 billion USD, while that of machineries, equipment and spare parts dropped 7.4 percent to 10.16 billion USD. Imports of telephone and spare parts increased 9.8 percent to 4.42 billion USD, and … [Read more...] about Vietnam’s import export revenue rises 14.4 percent in four months